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Attachments: Daylight Trading Strategy
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Daylight Trading Strategy

  • #441
  • Jun 18, 2021 8:40am Jun 18, 2021 8:40am
Quoting LauraT
{quote} Glorybound - easiest thing to do is look at Erebus' chart and the ADR20 column. Choose instruments that have higher figures than 70. But, once you've done so, be careful about putting on multiple positions on the same currency at the same time. Less is more.
Great information. Thank you.
  • #442
  • Jun 18, 2021 8:41am Jun 18, 2021 8:41am
Quoting Glorybound
{quote} Thank you, scsstnt. I have to study this - in the example you gave with GBP/USD, you said that the pair just crossed 100%. Is this 100% for the move downwards or upwards or the average of the day's movement. Forgive me if my questions looks stupid...still learning!
Glorybound, This can be up or down,it depends on where price reaches on the chart.Price can reach 80% with buying pressure, and create a reversal taking out ADR low 100% down and vice versa
  • #443
  • Jun 18, 2021 8:43am Jun 18, 2021 8:43am
Quoting LauraT
{quote} It depends All are correct, it depends which 'flavour' of the strategy you are using. I am using the aggressive settings and trading crosses of the -50 line by the slow MA (red). If you go back to the first post of the thread, I have linked to the relevant posts which explain the different options you have for trades.
I am grateful. Thanks a million for your time and wisdom.
  • #444
  • Jun 18, 2021 8:45am Jun 18, 2021 8:45am
Quoting scsstnt
{quote} Glorybound, This can be up or down,it depends on where price reaches on the chart.Price can reach 80% with buying pressure, and create a reversal taking out ADR low 100% down and vice versa
I love this explanation. Thank you.
  • #445
  • Jun 18, 2021 8:48am Jun 18, 2021 8:48am
Quoting Jakepuia
@Laura T, Kindly let me know your settings in the sub-window for 15 minutes time frame in aggressive mode, I know that we change the smoothed moving averages to 5 and 13 in one hour aggressive mode. Do we use the standard settings or we use the same settings in the one hour time frame?
For aggressive mode, regardless of which timeframe you use, the moving averages are 5 and 13 for the sub-window.

Standard mode moving averages are 8 and 21.
  • #446
  • Jun 18, 2021 9:03am Jun 18, 2021 9:03am
Quoting here2there
{quote} Netsrac?
Yes, that's the one, also plots those levels on each chart

It takes a lot for me to IGNORE you, but you can try.
  • #447
  • Jun 18, 2021 9:08am Jun 18, 2021 9:08am
Quoting Erebus
{quote} Yes, that's the one, also plots those levels on each chart
I have it. However, I don't use it. Have you had much success with it?
Learn from your mistakes and march on.
  • #448
  • Jun 18, 2021 9:37am Jun 18, 2021 9:37am
Quoting LauraT
Dax short. 1m aggressive mode. -50 cross. {image}
Wow! Trades on 1m to 4H time frame. I wish I could train my eyes to detect trades like that. I am no where close to that.
  • #449
  • Jun 18, 2021 9:39am Jun 18, 2021 9:39am
EURJPY short. 1H aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 28 KB
  • #450
  • Jun 18, 2021 9:40am Jun 18, 2021 9:40am
Quoting Piphunter40
{quote} Wow! Trades on 1m to 4H time frame. I wish I could train my eyes to detect trades like that. I am no where close to that.
It gets easier with practice.

I tend to like indices on very short timeframes, whereas currencies are slower moving.
  • #451
  • Jun 18, 2021 9:52am Jun 18, 2021 9:52am
Quoting here2there
{quote} I have it. However, I don't use it. Have you had much success with it?
Well, it's not a trading method per se, it's a tool used to show where price may go on a normal volatility day.

As you can see, there have been some 200% range days, but knowing volatility has increased, you would put the take profits further away

What else or how else do you determine where price might go and stop, consolidate, etc?

This is why support and resistance work sometimes, price only moves so much on a daily basis, and those levels have to line up at some point.

To answer your question, yes, it works for me, I have taken profit at times when the price had moved 1 x ADR.

Good luck
It takes a lot for me to IGNORE you, but you can try.
  • #452
  • Jun 18, 2021 9:53am Jun 18, 2021 9:53am
CADJPY short. 1H aggressive mode.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYH1.png Size: 27 KB

A very lucrative couple of days for Daylight traders - hope you've all been catching some!
  • #453
  • Jun 18, 2021 9:55am Jun 18, 2021 9:55am
Attached File(s)
File Type: rar Lura T - Daylight ver agressive testing closings.rar   23 KB | 737 downloads

Some more data, results with different types of closing rules...
  • #454
  • Jun 18, 2021 10:04am Jun 18, 2021 10:04am
Quoting BlackNapkins
{file} Some more data, results with different types of closing rules...
Thanks again - look forward to studying it later!
  • #455
  • Jun 18, 2021 10:05am Jun 18, 2021 10:05am
USDCAD long. 5m aggressive mode. -50 cross.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 26 KB
  • #456
  • Jun 18, 2021 10:09am Jun 18, 2021 10:09am
Quoting Glorybound
{quote} I love this explanation. Thank you.
You're welcome brother....ask anything you not sure about, someone will find a right answer,there is nothing like a stupid question, I learnt that at 15 yrs in college during Physics class period....what a great teacher I had......so is Laura,she is educating the world,priceless work
  • #457
  • Jun 18, 2021 10:18am Jun 18, 2021 10:18am
Not a bad week. What a great strategy. Now to work on exit timing.

Attached Image (click to enlarge)
Click to Enlarge Name: 51645552dd7f975bd3cd4c9658fbdc96.png Size: 26 KB
  • #458
  • Jun 18, 2021 10:21am Jun 18, 2021 10:21am
Quoting Erebus
{quote} Well, it's not a trading method per se, it's a tool used to show where price may go on a normal volatility day. As you can see, there have been some 200% range days, but knowing volatility has increased, you would put the take profits further away What else or how else do you determine where price might go and stop, consolidate, etc? This is why support and resistance work sometimes, price only moves so much on a daily basis, and those levels have to line up at some point. To answer your question, yes, it works for me, I have taken profit...
Are you aware of the new update? In the settings you can set Daily, Weekly, and Monthly targets. I haven't used it much, so I don't know how reliable the targets are.
Learn from your mistakes and march on.
  • #459
  • Jun 18, 2021 10:21am Jun 18, 2021 10:21am
Quoting oradba
Not a bad week. What a great strategy. Now to work on exit timing. {image}
Congratulations!

I love seeing people's success. Here's to many more great weeks.
  • #460
  • Jun 18, 2021 10:33am Jun 18, 2021 10:33am
Looking at Barraka's contribution. Wondering why the highlighted entry wasn't pointed out (blue box)

https://charts.mql5.com/29/94/usdcad...ivision1-2.png
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